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Goodyear (GT) Catches Eye: Stock Jumps 7%

Zacks Equity Research

The Goodyear Tire & Rubber Company GT was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.92 to $13.05 in the past one-month time frame.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Goodyear. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Goodyear currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

The Goodyear Tire & Rubber Company Price

The Goodyear Tire & Rubber Company Price

The Goodyear Tire & Rubber Company price | The Goodyear Tire & Rubber Company Quote

Investors interested in the Auto, Tires and Trucks sector may consider Wabash National Corporation WNC, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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